Raymond James reiterates Strong Buy on Terex stock amid selloff

Providence, Rhode Island, is suing fire truck manufacturers for alleged antitrust violations, claiming consolidation reduced competition and helped firms raise prices. The city says some pumper and ladder truck prices rose far faster than inflation, including a used 2011 pumper bought for $360,000 and new Pierce trucks rising from $449,159 to $734,320. Providence says deliveries are delayed and replacements slowed.

TEREX CORP (TEX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Second Quarter 2026 Earnings Release Conference Call July 30, 2026 Drew Konop – Terex Corporation – Vice President, Investor Relations Good morning and welcome to the Terex Corporation (“Terex” or “Company”) second quarter 2026 earnings conference call. A copy of the press releas

Terex reported Q2 2026 net sales of $2,238 million, up from $1,497 million in Q2 2025. Adjusted EBITDA rose to $269 million from $182 million. For the first half, net sales were $3,972 million. Terex cited segment growth, improved profitability, $101 million free cash flow, and raised its full-year outlook.

Terex reported Q2 2026 results with mixed segment trends. Materials Processing net sales rose to $464m and adjusted EBITDA to $87m, lifting margin to 18.8%. Aerials revenue increased to $673m but adjusted EBITDA fell 31% to $38m, margin to 5.7%, citing tariffs and inflation. Terex raised FY outlook to $7.9–$8.2b sales and $4.70–$5.10 adjusted EPS.

Terex (NYSE: TEX) shares fell about 4% after the company reported Q2 2026 results. Revenue rose to $2.24B, beating expectations, and Terex raised full-year revenue guidance to $8.05B. Adjusted EPS declined to $1.37 from $1.49 a year earlier, and full-year EBITDA guidance came slightly below consensus, weighing on profitability expectations.

Terex (NYSE:TEX) reported Q2 CY2026 revenue of $2.24 billion, up 50.5% year on year, beating Wall Street estimates. Full-year revenue guidance is $8.05 billion at the midpoint, about 1.3% above consensus. Non-GAAP adjusted EPS was $1.37, 11.2% above estimates. The stock rose 2.9% to $66.46 after the report.